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London, UK, Jan 19, 2021 -- Unified Comms, Contact Centre and Cyber Solutions provider, Babble, announces the acquisition of UItracomms. The deal continues Babble’s buy and build strategy. It is the first acquisition following the investment by Graphite Capital at the end of 2020.
Mark Jordan, MD of Babble Contact, said: "This marks the next phase of our growth strategy. The acquisition of what is an extremely high-quality contact centre specialist, has doubled the size of our contact centre business. It highlights the strength of our ambition to become the leading force in this space as we liberate businesses for the new world of work."
Matt Parker, Chief Executive of Babble, said: "This year we will continue to acquire innovative and resilient businesses that are making an impact in the market, both to grow the capabilities we can provide to our customers and to fill our business with the best people in the industry. We have another five acquisitions in the pipeline in the next six months, and we’re on track to double our EBITDA run rate to £20m by November 2021."
Derwyn Jones, CEO at UItracomms, said: "We are delighted to announce that Ultracomms is now part of Babble. A progressive and ambitious business such as Babble has the capabilities to continue to provide our customers with the technology and expertise they require to further enhance their customer experience."
Posted by Veronica Silva Cusi, news correspondent
Source: https://babble.cloud
About Babble:
Babble is a technology business reimagining how we all work. Founded in 2001, the company has helped 2,000 customers with cloud-based solutions that enhance efficiency, flexibility and customer loyalty.Since it was backed by private equity firm, LDC, in 2017, the company has grown through completing five acquisitions with high recurring revenues. The business has over 10,000 cloud-based users, 10,000 mobile connections and 2,000 CCaaS seats.
Published: Thursday, January 21, 2021
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